Which of the following reflects the fundamental accounting equation $($or balance sheet equation$)$ in a not$-$for$-$profit, business$-$oriented healthcare organization?

Question $1$ options:

Assets $=$ long$-$term debt $+$ equity

None of these is correct

Assets $=$ liabilities $+$ net assets

Net assets $=$ liabilities $+$ assets

Equity $=$ liabilities $+$ assets